By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Two major confidence indicators released in Brazil this week by the Getulio Vargas Foundation (FGV) show improvement in expectations, although both indexes remain in negative territory. The Trade Confidence Survey (ICOM in Portuguese) increased by 1.5 points while the Consumer Confidence Index (CCI) rose by 1.8 percent, reaching the highest level since December 2014.
“Despite the continuing downward trend of the labor market, the prospects of slowing inflation and falling interest rates appear to contribute to less pessimistic forecasts regarding purchases of durable goods in the short term . . .